Corporate Results
TATA STEEL PROFIT 10.68 BLN RUPEES; TATA STEEL 3Q NET SALES 49.74 BLN RUPEES VS 44.7 BLN
Corporate Results
RELIANCE COMMUNICATIONS 3Q PROFIT 13.72 BLN RUPEES RELIANCE COMM 3Q NET SALES 47.76 BLN RUPEES
Free Stock Recommendation on nse shares
12.15pm Delivery Stock :Buy APTECHT Strictly Above 267 SL 235 TGT 300 & 320.
Free Stock Tips
11.19AM:Delivery Stock : Buy IndiaInfo Strictly Above 1250 SL 1120 TGT 1350 & 1400
(Due to the volatile market,limited qty suggested)
(Due to the volatile market,limited qty suggested)
DELIVERY STOCKS
12.38pm : Buy NEYVELILIG Strictly Above 154 SL 120 TGT 185 & 200 .
12.40pm : BuyBOMDYEING Strictly Above 820 SL 750 TGT 890 & 930 .
12.40pm : BuyBOMDYEING Strictly Above 820 SL 750 TGT 890 & 930 .
DELIVERY STOCKS
Delivery Buy SCI Strictly Above 240 SL 198 TGT 290 & 310.
Delivery Buy ONGC Strictly Above 1050 SL 950 TGT 1200 & 1250 .
Delivery Buy SRF Strictly Above 120 SL 92 TGT 160 & 175.
Keep strict stoploss accordingly.
Delivery Buy ONGC Strictly Above 1050 SL 950 TGT 1200 & 1250 .
Delivery Buy SRF Strictly Above 120 SL 92 TGT 160 & 175.
Keep strict stoploss accordingly.
Delivery Stocks
1. 05.00PM:Buy Central Bank strictly above 113 SL 95 Target 140 & 150
2.05.00PM:Buy GAIL Strictly above 456 SL 397 Target 507 & 530 in coming days.
Keep strict stoploss accordingly.
2.05.00PM:Buy GAIL Strictly above 456 SL 397 Target 507 & 530 in coming days.
Keep strict stoploss accordingly.
Value Picks @ Bottom Level - 22.01.2008
After a Huge fall ,it is better to pick some of the good fundamental stocks
to make best return - A good chance
NTPC ,Reliance,RPL,unitech,Jpassociat,SAIL,Federal Bank,Kotak Bank,BEL,SCI,BHEL,HCC,TATAPOWER,INDIACEM,BEML,ABB,TCS,SATYAM,
BAJAJHIND,INDIABULLS,RCOM,STER,Syndicate Bank Etc.
It is better to accumulate above fundamentally very strong stocks for short term and long term investments.
to make best return - A good chance
NTPC ,Reliance,RPL,unitech,Jpassociat,SAIL,Federal Bank,Kotak Bank,BEL,SCI,BHEL,HCC,TATAPOWER,INDIACEM,BEML,ABB,TCS,SATYAM,
BAJAJHIND,INDIABULLS,RCOM,STER,Syndicate Bank Etc.
It is better to accumulate above fundamentally very strong stocks for short term and long term investments.
Short Term Delivery stock
10.31AM**Delivery Stock:Buy JPASSOCIAT cmp 434 SL 400 Target 470 & 490 in coming days
Trading Basics
Basic Steps in How Stock Trading Works
Trading stocks. You hear that phrase all the time, although it really is wrong – you don’t trade stocks like baseball cards (I’ll trade you 100 IBMs for 100 Intels).
Trade = Buy or Sell
To “trade” means to buy and sell in the jargon of the financial markets. How a system that can accommodate one billion shares trading in a single day works is a mystery to most people. No doubt, our financial markets are marvels of technological efficiency.
Yet, they still must handle your order for 100 shares of Acme Kumquats with the same care and documentation as my order of 100,000 shares of MegaCorp.
You don’t need to know all of the technical details of how you buy and sell stocks, however it is important to have a basic understanding of how the markets work. If you want to dig deeper, there are links to articles explaining the technical side of the markets
Two Basic Methods
There are two basic ways exchanges execute a trade:
Trading on the floor of the New York Stock Exchange (the NYSE) is the image most people have thanks to television and the movies of how the market works. When the market is open, you see hundreds of people rushing about shouting and gesturing to one another, talking on phones, watching monitors, and entering data into terminals. It could not look any more chaotic.
Yet, at the end of the day, the markets workout all the trades and get ready for the next day. Here is a step-by-step walk through the execution of a simple trade on the NYSE.
1. You tell your broker to buy 100 shares of Acme Kumquats at market.
2. Your broker’s order department sends the order to their floor clerk on the exchange.
3. The floor clerk alerts one of the firm’s floor traders who finds another floor trader willing to sell 100 shares of Acme Kumquats. This is easier than is sounds, because the floor trader knows which floor traders make markets in particular stocks.
4. The two agree on a price and complete the deal. The notification process goes back up the line and your broker calls you back with the final price. The process may take a few minutes or longer depending on the stock and the market. A few days later, you will receive the confirmation notice in the mail.
Of course, this example was a simple trade, complex trades and large blocks of stocks involve considerable more detail
Electronically
In this fast moving world, some are wondering how long a human-based system like the NYSE can continue to provide the level of service necessary. The NYSE handles a small percentage of its volume electronically, while the rival NASDAQ is completely electronic.
The electronic markets use vast computer networks to match buyers and sellers, rather than human brokers. While this system lacks the romantic and exciting images of the NYSE floor, it is efficient and fast. Many large institutional traders, such as pension funds, mutual funds, and so forth, prefer this method of trading.
For the individual investor, you frequently can get almost instant confirmations on your trades, if that is important to you. It also facilitates further control of online investing by putting you one step closer to the market.
You still need a broker to handle your trades – individuals don’t have access to the electronic markets. Your broker accesses the exchange network and the system finds a buyer or seller depending on your order.
Conclusion :
What does this all mean to you? If the system works, and it does most of the time, all of this will be hidden from you, however if something goes wrong it’s important to have an idea of what’s going on behind the scenes
Trading stocks. You hear that phrase all the time, although it really is wrong – you don’t trade stocks like baseball cards (I’ll trade you 100 IBMs for 100 Intels).
Trade = Buy or Sell
To “trade” means to buy and sell in the jargon of the financial markets. How a system that can accommodate one billion shares trading in a single day works is a mystery to most people. No doubt, our financial markets are marvels of technological efficiency.
Yet, they still must handle your order for 100 shares of Acme Kumquats with the same care and documentation as my order of 100,000 shares of MegaCorp.
You don’t need to know all of the technical details of how you buy and sell stocks, however it is important to have a basic understanding of how the markets work. If you want to dig deeper, there are links to articles explaining the technical side of the markets
Two Basic Methods
There are two basic ways exchanges execute a trade:
- On the exchange floor
- Electronically
There is a strong push to move more trading to the networks and off the trading floors, however this push is meeting with some resistance. Most markets, most notably the NASDAQ, trade stocks electronically. The futures’ markets trade in person on the floor of several exchanges, but that’s a different topic.
Exchange floor :Trading on the floor of the New York Stock Exchange (the NYSE) is the image most people have thanks to television and the movies of how the market works. When the market is open, you see hundreds of people rushing about shouting and gesturing to one another, talking on phones, watching monitors, and entering data into terminals. It could not look any more chaotic.
Yet, at the end of the day, the markets workout all the trades and get ready for the next day. Here is a step-by-step walk through the execution of a simple trade on the NYSE.
1. You tell your broker to buy 100 shares of Acme Kumquats at market.
2. Your broker’s order department sends the order to their floor clerk on the exchange.
3. The floor clerk alerts one of the firm’s floor traders who finds another floor trader willing to sell 100 shares of Acme Kumquats. This is easier than is sounds, because the floor trader knows which floor traders make markets in particular stocks.
4. The two agree on a price and complete the deal. The notification process goes back up the line and your broker calls you back with the final price. The process may take a few minutes or longer depending on the stock and the market. A few days later, you will receive the confirmation notice in the mail.
Of course, this example was a simple trade, complex trades and large blocks of stocks involve considerable more detail
Electronically
In this fast moving world, some are wondering how long a human-based system like the NYSE can continue to provide the level of service necessary. The NYSE handles a small percentage of its volume electronically, while the rival NASDAQ is completely electronic.
The electronic markets use vast computer networks to match buyers and sellers, rather than human brokers. While this system lacks the romantic and exciting images of the NYSE floor, it is efficient and fast. Many large institutional traders, such as pension funds, mutual funds, and so forth, prefer this method of trading.
For the individual investor, you frequently can get almost instant confirmations on your trades, if that is important to you. It also facilitates further control of online investing by putting you one step closer to the market.
You still need a broker to handle your trades – individuals don’t have access to the electronic markets. Your broker accesses the exchange network and the system finds a buyer or seller depending on your order.
Conclusion :
What does this all mean to you? If the system works, and it does most of the time, all of this will be hidden from you, however if something goes wrong it’s important to have an idea of what’s going on behind the scenes
Result Corner - RELIANCE IND
Reliance Industries Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:
The Company has posted a net profit after tax of Rs 80790 million for the quarter ended December 31, 2007 as compared to Rs 30810 million for the quarter ended December 31, 2006. Total Income has increased from Rs 283150 million for the quarter ended December 31, 2006 to Rs 348310 million for the quarter ended December 31, 2007.
The Company has posted a net profit after tax of Rs 80790 million for the quarter ended December 31, 2007 as compared to Rs 30810 million for the quarter ended December 31, 2006. Total Income has increased from Rs 283150 million for the quarter ended December 31, 2006 to Rs 348310 million for the quarter ended December 31, 2007.
PRE MARKET REPORT - 17.01.2008
TCS beats the street, bulls retreat The fall on the BSE was sharp and vicous enough for the investors to panic. BSE at one point lost nearly 800 points before bouncing back in the last one hour. Global markets were reeling under severe selling pressure and the scenario reminds of the last global fall in 2007 Feb when chinese govt. hiked interest rates injecting a global panic. The key difference is the bounce is equally sharp last time and this time there appears to be no reason to bounce. TCS beats the street with exemplory results with a 19% jump in the net profit. The company is more focussed on emerging economies and reducing the exposure to US. Growth in operating margins of IT biggies is definitely worth noting with TCS contuining the trend intiated by Infosys, offsetting the strong Rupee.US Markets could not sustain at higher levels and continued to drift down. Indian Markets are likely to consolidate today and Midcaps are showing signs of resistance. Reliance Power and Future Capital IPO continued to take the sheen away from the secondary markets with huge interest from retail investors oversubscribing the issues 13 and 132 times respectively.We are not cautious on Indian Markets at these levels except for volatility. We believe markets are likely to move up after a decent consolidation. But major up moves cannot be expected with global turmoil buzz doing rounds. Patience pays and this time it will be big. Close Box BSE Sensex : 19868.109 -382.98NSE Nifty : 5935.75 -138.5USD : Rs.39.27Oil : $90.84
MARKET OUTLOOK
After days of weakness, bulls will hope today is better. Predictions are thatReliance will beat expectations with RIL's bottomline expected to cross the $1bnmark. It may report Rs40bn gains from the sale of 4% stake in RPL. We see a muchimproved opening today. The markets will remain choppy during the day. USmarkets shed their gains and ended lower, and Asian markets, which gained around1-1.5% earlier, are again in the red. We advocated leaving the indices alone forsome time. Knowledge is power (we are not talking about Reliance Power) and thiscorrection should give you an opportunity to use knowledge to get intofundamentally strong counters, which are available at better rates.
Critical Levels for trading 17.01.2008
Trading Strategy - Support and Resistance for 17.01.2008
Nifty : MEAN : 5942
Support 5818/5702/5578
Resistance 6058/6182/6298
Market will act towards the background support of reliance result.
Any how we need global support for confirmation of bearish trend reversal. Market is expected to trade volatile till reliance result with positive bias.
Nifty : MEAN : 5942
Support 5818/5702/5578
Resistance 6058/6182/6298
Market will act towards the background support of reliance result.
Any how we need global support for confirmation of bearish trend reversal. Market is expected to trade volatile till reliance result with positive bias.
Sensex tumbles to a low of 19,513, down 738 points
Mirroring the weak trend in global markets, the Sensex opened with a huge negative gap of 171 points at 20,080. Unabated selling saw the index drift deeper into red as the day progressed. The index tumbled to a low of 19,513 - down 738 points from the previous close - in late noon deals. The NSE Nifty ended at 5,950, down 124 points.Aggressive buying at lower levels saw the index stage a significant recovery, and finally settle with a loss of 383 points at 19,868.The market breadth was extremely negative - out of 2,840 stocks traded, 2,208 declined, 614 advanced and 18 were unchanged on Wednesday.INDEX SHAKERS...HDFC Bank [Get Quote] and Reliance Communications [Get Quote] tumbled 6% each to Rs 1,576 and Rs 732, respectively.NTPC slumped 5.5% to Rs 259, and BHEL plunged 4.5% to Rs 2,309.Reliance Energy [Get Quote], DLF and Tata Steel [Get Quote] dropped around 4% each to Rs 2,267, Rs 1,128 and Rs 819, respectively.ITC and Hindalco [Get Quote] shed 3.4% each to Rs 209 and Rs 191, respectively.Ranbaxy [Get Quote], Maruti [Get Quote] and Tata Motors [Get Quote] slipped nearly 3% each to Rs 379, Rs 844 and Rs 749, respectively.Reliance and ACC declined 2% each to Rs 3,098 and Rs 856, respectively.
Result Corner - MRPL
Mangalore Refinery & Petrochemicals Ltd (MRPL) has announced the following Unaudited results for the quarter ended December 31, 2007:
The Company has posted a net profit of Rs 3466.00 million for the quarter ended December 31, 2007 as compared to Rs 1184.60 million for the quarter ended December 31, 2006. Total Income has increased from Rs 73974.50 million for the quarter ended December 31, 2006 to Rs 81690.90 million for the quarter ended December 31, 2007.
The Company has posted a net profit of Rs 3466.00 million for the quarter ended December 31, 2007 as compared to Rs 1184.60 million for the quarter ended December 31, 2006. Total Income has increased from Rs 73974.50 million for the quarter ended December 31, 2006 to Rs 81690.90 million for the quarter ended December 31, 2007.
Anil Ambani to pip Mukesh as richest Indian?
Anil Ambani group's Reliance Power IPO on Tuesday generated a demand of close to Rs 1 lakh crore (Rs 1 trillion) within four hours of start of the book building process, with the issue getting oversubscribed nearly 10 times.
Reliance Power is part of the Anil Dhirubhai Ambani Group, which has interests in telecommunications, finance, energy and entertainment. This is the first time that Anil Ambani has tapped the markets ever since he and elder brother Mukesh spilt up the Reliance empire after a very public spat.
Mukesh Ambani is currently India's richest man. However, some people say that with the listing of Reliance Power, Anil Ambani might well pip his brother to the post to become India's -- and perhaps the world's -- richest human being.
According to one calculation, Reliance Power IPO is likely to gain close to $27 billion for Anil Ambani, which when combined with the existing market capitalisation of his companies will work out to be close to $75 billion!
The market cap of companies held by Mukesh Ambani is at a slightly more $76 billion.
Anil Ambani may soon pip Mukesh to be the world's richest man
Reliance Power IPO to gain close to $27 billion for the younger Ambani
Reliance Power IPO Equity
Reliance Power is part of the Anil Dhirubhai Ambani Group, which has interests in telecommunications, finance, energy and entertainment. This is the first time that Anil Ambani has tapped the markets ever since he and elder brother Mukesh spilt up the Reliance empire after a very public spat.
Mukesh Ambani is currently India's richest man. However, some people say that with the listing of Reliance Power, Anil Ambani might well pip his brother to the post to become India's -- and perhaps the world's -- richest human being.
According to one calculation, Reliance Power IPO is likely to gain close to $27 billion for Anil Ambani, which when combined with the existing market capitalisation of his companies will work out to be close to $75 billion!
The market cap of companies held by Mukesh Ambani is at a slightly more $76 billion.
Anil Ambani may soon pip Mukesh to be the world's richest man
Reliance Power IPO to gain close to $27 billion for the younger Ambani
Reliance Power IPO Equity
Main Asian share indices at 2PM India time
Main Asian share indices at 2PM India time
Following are the levels of key Asian shares indices at 2PMIndia time today:.
Index
Japan's Nikkei 225 13,504.51, down 468.12 points or 3.35%Hong Kong's Hang Seng 24,450.85, down1,386.93 points or 5.37%Singapore's Straits Times 3,069.28, down 85.30 points or 2.70%South Korea's Kospi 1,704.97, down 41.98 points or 2.40%Australia's S&P/Asx 200 5,809.70, down 150.30 points or 2.52%New Zealand's NZX 50 3,752.39, down 58.11 points or 1.52%Thailand's SET 761.33, down 18.46 points or 2.37%Malaysia's Kuala Lumpur Composite ,452.95, down 52.76 points or 3.50%Indonesia's Jakarta Composite 2,598.97, down 131.06 points or 4.80%China's Shse-Szse300 5,505.72, down 190.73 points or 3.35%
Taiwan's Taiex 8,179.54, down 249.30 points or 2.96%Philippine's PSEi 3,351.66, down 95.63 points or 2.77%
Sri Lanka's Colombo ASPI 2,393.14, down 39.57 points or 1.63%Pakistan's Karachi 100 13,881.25, down 174.02 points or 1.24%Nepal's NEPSE 937.91, down 21.00 points or 2.19%Bangladesh's DSI 2,504.83, up 25.90 points or .04%.
India's BSE Sensex 19,691.84, down 559.25 points
India's NSE Nifty 5,886.05, down 188.20 Points
Following are the levels of key Asian shares indices at 2PMIndia time today:.
Index
Japan's Nikkei 225 13,504.51, down 468.12 points or 3.35%Hong Kong's Hang Seng 24,450.85, down1,386.93 points or 5.37%Singapore's Straits Times 3,069.28, down 85.30 points or 2.70%South Korea's Kospi 1,704.97, down 41.98 points or 2.40%Australia's S&P/Asx 200 5,809.70, down 150.30 points or 2.52%New Zealand's NZX 50 3,752.39, down 58.11 points or 1.52%Thailand's SET 761.33, down 18.46 points or 2.37%Malaysia's Kuala Lumpur Composite ,452.95, down 52.76 points or 3.50%Indonesia's Jakarta Composite 2,598.97, down 131.06 points or 4.80%China's Shse-Szse300 5,505.72, down 190.73 points or 3.35%
Taiwan's Taiex 8,179.54, down 249.30 points or 2.96%Philippine's PSEi 3,351.66, down 95.63 points or 2.77%
Sri Lanka's Colombo ASPI 2,393.14, down 39.57 points or 1.63%Pakistan's Karachi 100 13,881.25, down 174.02 points or 1.24%Nepal's NEPSE 937.91, down 21.00 points or 2.19%Bangladesh's DSI 2,504.83, up 25.90 points or .04%.
India's BSE Sensex 19,691.84, down 559.25 points
India's NSE Nifty 5,886.05, down 188.20 Points
Allahabad Bank announces Q3 results
Wednesday, Jan 16. MUMBAI - Below is the full text of a Bombay Stock Exchange notice:(This is a direct feed from the BSE. NewsWire18 makes no changesin the text.). Allahabad Bank has announced the following Unaudited results for the quarterended December 31, 2007: The Bank has posted a net profit of Rs 3650. 505million for the quarter ended December 31, 2007 as compared to Rs 2861. 277million for the quarter ended December 31, 2006. Total Income has increasedfrom Rs 14028. 262 million for the quarter ended December 31, 2006 to Rs19564. 106 million for the quarter ended December 31, 2007.
Petrol set to cost Rs 4 per litre more
Petrol set to cost Rs 4 per litre more
The government is likely to hike prices of petrol and diesel by Rs 4 and Rs 2 per litre, respectively, as global crude oil prices continued to surge, hitting the revenues of domestic oil marketing companies.
An announcement to this effect is likely to be made by the government very soon.
Giving a tacit go-ahead for a fuel price hike, the ruling Congress last evening had said that all steps would be taken to minimise the impact on the common man.
"The Congress party wish to put on record its hopes that the government will take all steps to minimise and soften, to the maximum degree possible, any impact of the global rise in oil prices," AICC spokesman Abhishek Manu Singhvi said, in a virtual endorsement of the hike proposal.
Singhvi said the government should take all reasonable steps within the larger macro economic perspective. "Any decision on the issue should be based on overall national perspective," he said.
He said the entire hike in the international prices of oil should not be passed on to the consumer.
Earlier in the month Petroleum Minister Murli Deora had said hiking retail prices of oil is not the only solution to combat the rising prices of crude oil and the government was also considering duty cut to deal with the situation.
"We have to find the best solution and we are considering duty cuts to deal with the situation," Deora said.
Mr Deora said the government has been in touch with all parties on the issue and the Left parties were ready to co-operate with it to find a solution to the problem of surging oil prices.
Petroleum Secretary M S Srinivasan had said prices of petrol and diesel are expected to go up by Rs 4 and Rs 2 per litre, respectively.
The government had last increased petrol and diesel prices on June 6, 2006.
With the crude oil prices touching an all-time high, the government was reluctant to increase the fuel prices because of the Assembly elections in Gujarat and Himachal Pradesh.
Petroleum Minister Murli Deora earlier met Finance Minister P Chidambaram to discuss measures to cope with the record crude oil prices, as the country imports over two-thirds of its oil.
The three government-owned OMCs such as Indian Oil [Get Quote], Bharat Petroleum and Hindustan Petroleum are projected to lose Rs 69,753 crore (Rs 697.53 billion) on sale of petrol, diesel, LPG and PDS kerosene as the government has not allowed them to raise prices in line with the price of imported crude.
Petrol is being sold at a loss of Rs 8.74 a litre, diesel at Rs 9.92 per litre, kerosene Rs 20.53 a litre and LPG at a loss of Rs 256.35 per cylinder.
The government is likely to hike prices of petrol and diesel by Rs 4 and Rs 2 per litre, respectively, as global crude oil prices continued to surge, hitting the revenues of domestic oil marketing companies.
An announcement to this effect is likely to be made by the government very soon.
Giving a tacit go-ahead for a fuel price hike, the ruling Congress last evening had said that all steps would be taken to minimise the impact on the common man.
"The Congress party wish to put on record its hopes that the government will take all steps to minimise and soften, to the maximum degree possible, any impact of the global rise in oil prices," AICC spokesman Abhishek Manu Singhvi said, in a virtual endorsement of the hike proposal.
Singhvi said the government should take all reasonable steps within the larger macro economic perspective. "Any decision on the issue should be based on overall national perspective," he said.
He said the entire hike in the international prices of oil should not be passed on to the consumer.
Earlier in the month Petroleum Minister Murli Deora had said hiking retail prices of oil is not the only solution to combat the rising prices of crude oil and the government was also considering duty cut to deal with the situation.
"We have to find the best solution and we are considering duty cuts to deal with the situation," Deora said.
Mr Deora said the government has been in touch with all parties on the issue and the Left parties were ready to co-operate with it to find a solution to the problem of surging oil prices.
Petroleum Secretary M S Srinivasan had said prices of petrol and diesel are expected to go up by Rs 4 and Rs 2 per litre, respectively.
The government had last increased petrol and diesel prices on June 6, 2006.
With the crude oil prices touching an all-time high, the government was reluctant to increase the fuel prices because of the Assembly elections in Gujarat and Himachal Pradesh.
Petroleum Minister Murli Deora earlier met Finance Minister P Chidambaram to discuss measures to cope with the record crude oil prices, as the country imports over two-thirds of its oil.
The three government-owned OMCs such as Indian Oil [Get Quote], Bharat Petroleum and Hindustan Petroleum are projected to lose Rs 69,753 crore (Rs 697.53 billion) on sale of petrol, diesel, LPG and PDS kerosene as the government has not allowed them to raise prices in line with the price of imported crude.
Petrol is being sold at a loss of Rs 8.74 a litre, diesel at Rs 9.92 per litre, kerosene Rs 20.53 a litre and LPG at a loss of Rs 256.35 per cylinder.
Top stories on kences1 at 12PM
Top stories on kences1 at 12PM
Wednesday, Jan 16.
* Aviation minister seeks tax break on M&As in aviation sector.* Small investor needs 96,750 rupees to gain most from Reliance Power IPO.* Corporation Bank head sees rates stable with downward bias.* Vedanta plans 240-bln-rupee steel plant in Orissa.* Essar Oil to fund Kenya refinery buy via debt, equity.* Ispat mulls power business hive-off; to supply steel for Tata Nano.* Aide says Sunil Hitech raises 810 mln rupees via QIP.* GE Shipping contracts to sell another product tanker.* Wipro says not in talks to buy Cap Gemini.* Stork Prints makes 225.75 rupee per shr open offer for Stovec Ind.* Banswara Syntex says no plan to buy Carreman Michel for 4-5 bln rupee.* Govt releases about 100,000 tn more open mkt sugar for Jan..End.Filed by Vandana Hingorani.
Wednesday, Jan 16.
* Aviation minister seeks tax break on M&As in aviation sector.* Small investor needs 96,750 rupees to gain most from Reliance Power IPO.* Corporation Bank head sees rates stable with downward bias.* Vedanta plans 240-bln-rupee steel plant in Orissa.* Essar Oil to fund Kenya refinery buy via debt, equity.* Ispat mulls power business hive-off; to supply steel for Tata Nano.* Aide says Sunil Hitech raises 810 mln rupees via QIP.* GE Shipping contracts to sell another product tanker.* Wipro says not in talks to buy Cap Gemini.* Stork Prints makes 225.75 rupee per shr open offer for Stovec Ind.* Banswara Syntex says no plan to buy Carreman Michel for 4-5 bln rupee.* Govt releases about 100,000 tn more open mkt sugar for Jan..End.Filed by Vandana Hingorani.
Calendar: Company board meetings
Calendar: Company board meetings Wednesday, Jan 16. MUMBAI - Calendar of company board meetings. Meeting dates were detailed bycompanies in news releases or notices to stock exchanges:..Jan 16 Allahabad Bank, earnings for quarter and nine months ended December.Jan 16 AksharChem India Ltd, to consider buy-back price of equity shares.Jan 16 Asian Granito India Ltd, earnings for quarter ended December.Jan 16 Can Fin Homes Ltd, earnings for quarter ended December.Jan 16 Chambal Fertilisers & Chemicals Ltd, earnings for quarter ended December.Jan 16 Chembond Chemicals Ltd, to approve the scheme of amalgamation of Shree Mahalasa Electronics with self.Jan 16 GTC Industries Ltd, earnings for quarter ended December.Jan 16 Himadri Chemicals & Industries Ltd, earnings for quarter ended December; to consider issue of FCCB.Jan 16 India Cements Ltd, earnings for quarter and nine months ended December.Jan 16 Infotech Enterprises Ltd, earnings for quarter ended December.Jan 16 LIC Housing Finance Ltd, earnings for quarter ended December.Jan 16 Luminaire Technologies Ltd, to consider rights issue.Jan 16 Mangalore Refinery & Petrochemicals Ltd, earnings for quarter ended December.Jan 16 Petronet LNG Ltd, earnings for quarter ended December.Jan 16 Pyramid Saimira Theatre Ltd, to mull raising funds via overseas debt.Jan 16 Rallis India Ltd, earnings for quarter ended December.Jan 16 Rajapalayam Mills Ltd, earnings for nine months ended December and second interim Dividend.Jan 16 Rajasthan Tube Manufacturing Co. Ltd, to mull share allotment, increase in authorised capital.Jan 16 Sahyadri Industries Ltd, to consider the issue of equity shares/warrants on preferential allotment basis.Jan 16 SBI Home Finance Ltd, earnings for quarter ended December.Jan 16 Shree Ganesh Forgings Ltd, earnings for quarter ended December.Jan 16 Shri Lakshmi Cotsyn Ltd, earnings for quarter ended December.Jan 16 Syncom Formulations India Ltd, to consider raising share capital.Jan 16 Tata Consultancy Services Ltd, earnings for quarter ended December; to consider dividend..Jan 16 Ucal Fuel Systems Ltd, earnings for quarter ended December.Jan 16 Vardhman Textiles Ltd, earnings for quarter ended December.Jan 16 Welspun Gujarat Stahl Rohren Ltd, earnings for quarter ended December.Jan 16 Zuari Industries Ltd, earnings for quarter ended December..Jan 17 Artefact Projects Ltd, to consider raising funds.Jan 17 Automotive Stampings and Assemblies Ltd, earnings for quarter ended December; to consider rights issue of securities.Jan 17 Biocon Ltd, earnings for quarter ended December.Jan 17 Chemplast Sanmar Ltd, earnings for quarter ended December.Jan 17 Eastern Silk Industries Ltd, earnings for quarter ended December.Jan 17 EMCO Ltd, earnings for quarter and nine months ended December.Jan 17 Empower Industries India Ltd, to consider allotment of equity shares on preferential basis.Jan 17 Financial Technologies (India) Ltd, earnings for quarter ended December.Jan 17 Godrej Consumer Products Ltd, earnings for quarter ended December; to consider dividend.Jan 17 HCL Technologies Ltd, earnings for quarter and half year ended December.Jan 17 Hikal Ltd, earnings for quarter ended December.Jan 17 HT Media Ltd, earnings for quarter ended December.Jan 17 Industrial Development Bank of India Ltd, earnings for quarter ended December.Jan 17 Indiabulls Financial Services Ltd, earnings for quarter ended December, and to consider dividend.Jan 17 JBF Industries Ltd, earnings for quarter ended December.Jan 17 KPIT Cummins Infosystems Ltd, earnings for quarter ended December.Jan 17 New Delhi Television Ltd, earnings for quarter ended December.Jan 17 Orchid Chemicals & Pharmaceuticals Ltd, earnings for quarter ended Dec.Jan 17 Ranbaxy Laboratories Ltd, earnings for quarter and year ended December; to consider scheme of arrangement for demerger of new drug discovery research unit of the company.Jan 17 Reliance Energy Ltd, earnings for quarter ended December.Jan 17 Reliance Industries Ltd, earnings for quarter ended December.Jan 17 Reliance Natural Resources Ltd, earnings for quarter ended December.Jan 17 S. Kumars Nationwide Ltd, earnings for quarter ended December.Jan 17 Shree Nath Commercial & Finance Ltd, to consider the preferential allotment of shares.Jan 17 Visesh Infotecnics Ltd, to consider issue of warrants convertible into equity shares on preferential basis.Jan 17 VST Industries Ltd, earnings for quarter ended December..Jan 18 Anant Raj Industries Ltd, earnings for quarter ended December.Jan 18 Anjani Synthetics Ltd, to allot bonus equity shares and to commence real estate business.Jan 18 Astral Poly Technik Ltd, earnings for quarter ended December.Jan 18 Automotive Axles Ltd, earnings for quarter ended December.Jan 18 AVT Natural Products Ltd, earnings for quarter ended December.Jan 18 Balmer Lawrie & Co. Ltd, earnings for quarter ended December.Jan 18 BASF India Ltd, earnings for quarter ended December.Jan 18 Bhuwalka Steel Industries Ltd, to consider raising of funds.Jan 18 Bliss GVS Pharma Ltd, earnings for quarter ended December; to consider stock split.Jan 18 Cera Sanitaryware Ltd, earnings for quarter and nine months ended December.Jan 18 Compulink Systems Ltd, earnings for quarter ended December.Jan 18 Everonn Systems India Ltd, earnings for quarter ended December.Jan 18 Gujarat Alkalies and Chemicals Ltd, earnings for quarter ended December.Jan 18 Greaves Cotton Ltd, earnings for quarter ended December; to consider dividend.Jan 18 Hindustan Construction Co Ltd, earnings for quarter ended December.Jan 18 Housing Development Finance Corp Ltd, earnings for quarter and nine months ended December.Jan 18 IFCI Ltd, earnings for quarter and nine months ended December.Jan 18 ITC Ltd, earnings for quarter and nine months ended December.Jan 18 Jyoti Structures Ltd, to consider issue of capital.Jan 18 KEI Industries Ltd, to consider allotment of equity shares of face value of rupees 2 each upon conversion of FCCB.Jan 18 Kirloskar Oil Engines Ltd, earnings for quarter and nine months ended December.Jan 18 Mukta Arts Ltd, earnings for quarter ended December, and to consider raising funds through QIP.Jan 18 Networth Stock Broking Ltd, to consider to issue warrant.Jan 18 Nicholas Piramal India Ltd, earnings for quarter ended December.Jan 18 NIIT Technologies Ltd, earnings for quarter ended December.Jan 18 Orbit Corporation Ltd, earnings for quarter months ended December; to consider dividend.Jan 18 Pratibha Industries Ltd, earnings for quarter months ended December.Jan 18 PNB Gilts Ltd, earnings for quarter and nine months ended December.Jan 18 Ponni Sugars (Erode) Ltd, earnings for quarter and nine months ended December.Jan 18 Power Finance Corp Ltd, earnings for quarter ended December.Jan 18 Rajvir Industries Ltd, earnings for quarter ended December.Jan 18 Soma Textiles & Industries Ltd, earnings for quarter and nine months Ended December.Jan 18 Sona Koyo Steering Systems Ltd, earnings for quarter ended December.Jan 18 Trent Ltd, earnings for quarter ended December.Jan 18 T Spiritual World Ltd, earnings for quarter ended December; to mull Raising funds.Jan 18 Vimta Labs Ltd, earnings for quarter ended December.Jan 18 Welspun India Ltd, earnings for quarter December.Jan 18 Wipro Ltd, earnings for quarter and nine months ended December.Jan 18 Wockhardt Ltd, to consider for raising of funds..Jan 19 Adarsh Derivatives Ltd, earnings for quarter ended December; to consider raising funds.Jan 19 Binani Cement Ltd, earnings for quarter and nine months ended December; to consider raising of funds up to $125 mln.Jan 19 Binani Industries Ltd, to mull raising funds up to $125 mln.Jan 19 California Software Co Ltd, earnings for quarter and nine months ended December.Jan 19 Chemfab Alkalis Ltd, earnings for quarter ended December. Meeting had been postponed from Dec 12.Jan 19 GIC Housing Finance Ltd, earnings for quarter ended December.Jan 19 Gujarat NRE Coke Ltd, earnings for quarter ended December.Jan 19 Hi-Tech Gears Ltd, earnings for quarter ended December.Jan 19 Idea Cellular Ltd, earnings for quarter ended December.Jan 19 ICICI Bank Ltd, earnings for quarter ended December.Jan 19 Ipca Laboratories Ltd, earnings for quarter and nine months ended Dec.Jan 19 Net 4 India Ltd, to allot 5,00,000 equity shares to Bennett Coleman.Jan 19 Kewal Kiran Clothing Ltd, earnings for quarter ended December.Jan 19 Kirloskar Brothers Ltd, earnings for quarter and nine months ended December.Jan 19 Kirloskar Pneumatic Co Ltd, earnings for quarter and nine months ended December.Jan 19 Prakash Industries Ltd, earnings for quarter ended December.Jan 19 Ruchira Papers Ltd, earnings for quarter ended December.Jan 19 Sagar Cements Ltd, earnings for quarter ended December.Jan 19 Sandesh Ltd, earnings for quarter ended December.Jan 19 Seshasayee Paper and Boards Ltd, earnings for quarter ended December.Jan 19 Shiv-Vani Oil & Gas Exploration Services Ltd, earnings for quarter ended December, and to consider raising funds.Jan 19 Southern Petrochemicals Industries Corp Ltd, earnings for quarter ended December.Jan 19 Themis Medicare Ltd, earnings for quarter ended December.Jan 19 UltraTech Cement Ltd, earnings for quarter ended December.Jan 19 Varun Industries Ltd, earnings for quarter ended December.Jan 19 Vippy Industries Ltd, to consider allotment of equity shares to promoters.Jan 19 WH Brady & Co Ltd, earnings for quarter ended December; to consider allotment of bonus shares.Jan 19 Zenith Computers Ltd, earnings for quarter ended December.Jan 19 Zenith Infotech Ltd, earnings for quarter and nine months ended December..Jan 20 Nucleus Software Exports Ltd, earnings for quarter ended December.Jan 20 Shasun Chemicals and Drugs Ltd, earnings for quarter ended December..Jan 21 Abhishek Industries Ltd, earnings for quarter and nine months ended December.Jan 21 Ajcon Global Services Ltd, earnings for quarter and nine months ended December, and to consider dividend.Jan 21 Allsec Technologies Ltd, earnings for quarter ended December.Jan 21 Bharat Bhushan Share & Commodity Brokers Ltd, to consider rights issue.Jan 21 Bharat Forge Ltd, earnings for quarter and nine months ended December.Jan 21 BLB Ltd, earnings for quarter ended December; to consider dividend.Jan 21 BSL Ltd, earnings for quarter ended December.Jan 21 Canara Bank Ltd, earnings for quarter and nine months ended December.Jan 21 Centurion Bank of Punjab Ltd, earnings for quarter ended December.Jan 21 Century Extrusions Ltd, earnings for quarter ended December.Jan 21 Dhanus Technologies Ltd, earnings for quarter ended December.Jan 21 Elgitread (India) Ltd, earnings for quarter ended December.Jan 21 Everest Kanto Cylinder Ltd, earnings for quarter ended December.Jan 21 Entegra Ltd, earnings for quarter ended December and to consider revised draft letter of offer of the rights issue.Jan 21 Finolex Industries Ltd, earnings for quarter and nine months ended December.Jan 21 GATI Ltd, earnings for quarter ended December.Jan 21 Glenmark Pharmaceuticals Ltd, earnings for quarter ended December.Jan 21 HDFC Bank Ltd, earnings for quarter and nine months ended December.Jan 21 Honda Siel Power Products Ltd, earnings for quarter ended December.Jan 21 Indiabulls Real Estate Ltd, earnings for quarter ended December, and to consider dividend.Jan 21 Jai Corp Ltd, earnings for quarter and nine months ended December.Jan 21 Jindal Stainless Ltd, earnings for quarter ended December.Jan 21 Kansai Nerolac Paints Ltd, earnings for quarter ended December.Jan 21 Kotak Mahindra Bank Ltd, earnings for quarter ended December.Jan 21 Madras Aluminium Co. Ltd, earnings for quarter ended December.Jan 21 McDowell Holdings Ltd, earnings for quarter ended December.Jan 21 Navin Fluorine International Ltd, earnings for quarter ended December.Jan 21 Neyveli Lignite Corp. Ltd, earnings for quarter ended December.Jan 21 NIIT Ltd, earnings for quarter ended December.Jan 21 Religare Enterprises Ltd, earnings for quarter ended December.Jan 21 Reliance Industrial Infrastructure Ltd, earnings for quarter ended December.Jan 21 RSWM Ltd, earnings for quarter ended December.Jan 21 Oriental Hotels Ltd, earnings for quarter ended December.Jan 21 Oil & Natural Gas Corp. Ltd, earnings for quarter ended December.Jan 21 Omax Autos Ltd, earnings for quarter ended December.Jan 21 Saksoft Ltd, earnings for quarter ended December.Jan 21 Satyam Computer Services Ltd, earnings for quarter ended December.Jan 21 Shanthi Gears Ltd, earnings for quarter ended December.Jan 21 SI Group - India Ltd, earnings for quarter ended December.Jan 21 Simplex Castings Ltd, earnings for quarter and nine months ended December.Jan 21 Sterlite Technologies Ltd, earnings for quarter and nine months ended December.Jan 21 Swasti Vinayaka Finvest Corp Ltd, earnings for quarter ended December, and to consider issue of bonus shares.Jan 21 Tata Sponge Iron Ltd, earnings for quarter and nine months ended December.Jan 21 Tanla Solutions Ltd, earnings for quarter ended December.Jan 21 Thomas Cook India Ltd, to consider allotment of preference shares on a preferential basis.Jan 21 Titan Industries Ltd, earnings for quarter ended December.Jan 21 Vintage Cards & Creations Ltd, to consider allotment of warrants on preferential basis to promoters..Jan 22 Amara Raja Batteries Ltd, earnings for quarter ended December.Jan 22 ANG Auto Ltd, earnings for quarter ended December postponed from Jan 15.Jan 22 Asahi India Glass Ltd, earnings for quarter and nine months ended December, and to consider dividend.Jan 22 Deccan Aviation Ltd, earnings for quarter and six months ended December.Jan 22 Balaji Telefilms Ltd, earnings for quarter and nine months ended December.Jan 22 Bank of India Ltd, earnings for quarter and nine months ended December.Jan 22 Bombay Rayon Fashions Ltd, earnings for quarter ended December.Jan 22 Coromandel Fertilisers Ltd, earnings for quarter ended December.Jan 22 Corporation Bank Ltd, earnings for quarter ended December.Jan 22 Cosmo Films Ltd, earnings for quarter ended December.Jan 22 Dynamatic Technologies Ltd, earnings for quarter ended December; to consider dividend.Jan 22 Excel Industries Ltd, earnings for quarter ended December.Jan 22 Gabriel India Ltd, earnings for quarter ended December; to consider dividend.Jan 22 Genus Overseas Electronics Ltd, earnings for quarter/nine months ended December.Jan 22 Grasim Industries Ltd, earnings for quarter ended December.Jan 22 Greenply Industries Ltd, earnings for quarter and nine months ended December, and to consider merger of Galaxy Decor and Platinum Veneers.Jan 22 Gujarat Ambuja Exports Ltd, earnings for quarter and nine months ended December.Jan 22 Gujarat Fluorochemicals Ltd, earnings for quarter ended December.Jan 22 Gujarat State Fertilizers & Chemicals Ltd, earnings for quarter ended December postponed from Jan 21.Jan 22 HEG Ltd, earnings for quarter and nine months ended December.Jan 22 INOX Leisure Ltd, earnings for quarter ended December.Jan 22 i-flex Solutions Ltd, earnings for quarter and nine months ended December, and to consider allotment of shares.Jan 22 India Infoline Ltd, earnings for quarter ended December.Jan 22 Indiaco Ventures Ltd, to consider issuance of warrants convertible into equity shares of Rs 10/- each on a preferential basisJan 22 Kamat Hotels (I) Ltd, earnings for quarter ended December.Jan 22 Lanco Industries Ltd, earnings for quarter ended December.Jan 22 Lupin Ltd, earnings for quarter ended December.Jan 22 Mangalam Timber Products Ltd, earnings for quarter ended December.Jan 22 Mangalore Chemicals & Fertilizers Ltd, earnings for quarter ended December.Jan 22 MIC Electronics Ltd, earnings for quarter ended December.Jan 22 MindTree Consulting Ltd, earnings for quarter ended December.Jan 22 National Steel And Agro Industries Ltd, earnings for quarter ended December.Jan 22 Nelcast Ltd, earnings for quarter ended December.Jan 22 NOCIL Ltd, earnings for quarter ended December.Jan 22 Noida Toll Bridge Co. Ltd, earnings for quarter and nine months ended December.Jan 22 Pantaloon Retail (India) Ltd, earnings for quarter ended December.Jan 22 Pidilite Industries Ltd, earnings for quarter and nine months ended December.Jan 22 Phoenix Mills Ltd, earnings for quarter ended December.Jan 22 Punjab Tractors Ltd, earnings for quarter and nine months ended December.Jan 22 Rane Brake Linings Ltd, earnings for quarter ended December.Jan 22 Sesa Goa Ltd, earnings for quarter ended December, and to consider interim dividend.Jan 22 Supreme Infrastructure India Ltd, earnings for quarter ended December.Jan 22 Swaraj Engines Ltd, earnings for quarter and nine months ended December.Jan 22 Tata Elxsi Ltd, earnings for quarter ended December.Jan 22 Tata Investment Corp. Ltd, earnings for quarter and nine months ended December.Jan 22 Tata Teleservices (Maharashtra) Ltd, earnings for quarter ended December.Jan 22 Tamilnadu PetroProducts Ltd, earnings for quarter ended December.Jan 22 Tamil Nadu Newsprint & Papers Ltd, earnings for quarter ended December.Jan 22 Tech Mahindra Ltd, earnings for quarter and nine months ended December.Jan 22 Thirumalai Chemicals Ltd, earnings for quarter ended December.Jan 22 Vijaya Bank, earnings for quarter ended December.Jan 22 Zandu Pharmaceutical Works Ltd, earnings for quarter ended December..Jan 23 Agro Tech Foods Ltd, earnings for quarter ended December.Jan 23 Avaya GlobalConnect Ltd, earnings for quarter ended December.Jan 23 Ballarpur Industries Ltd, earnings for quarter ended December.Jan 23 Banco Products (I) Ltd, earnings for quarter ended December.Jan 23 Bank of Maharashtra Ltd, earnings for quarter ended December.Jan 23 Bank of Rajasthan Ltd, earnings for quarter ended December.Jan 23 Bongaigaon Refinery & Petrochemicals Ltd, earnings for quarter ended December.Jan 23 Chennai Petroleum Corp. Ltd, earnings for quarter ended December.Jan 23 Cheslind Textiles Ltd, earnings for quarter ended December.Jan 23 D-Link India Ltd, earnings for quarter ended December.Jan 23 Dena Bank, earnings for quarter ended December.Jan 23 Easun Reyrolle Ltd, earnings for quarter ended December.Jan 23 Empee Distilleries Ltd, earnings for quarter ended December.Jan 23 Entertainment Network (India) Ltd, earnings for quarter/nine months ended December.Jan 23 ETC Networks Ltd, earnings for quarter and nine months ended December.Jan 23 Excel Crop Care Ltd, earnings for quarter ended December.Jan 23 Fortis Healthcare Ltd, earnings for quarter ended December.Jan 23 Foseco India Ltd, earnings for year ended December, to recommend dividend.Jan 23 Gandhi Special Tubes Ltd, earnings for quarter ended December, to Consider, dividend and stock split.Jan 23 Graphite India Ltd, earnings for quarter and nine months ended December.Jan 23 Hindustan Zinc Ltd, earnings for quarter and nine months ended December.Jan 23 IG Petrochemicals Ltd, earnings for quarter ended December and allotment of share warrantsJan 23 IMP Power Ltd, earnings for quarter ended December.Jan 23 Info Drive Software Ltd, earnings for quarter ended December.Jan 23 Jain Studios Ltd, earnings for quarter ended December.Jan 23 Jenson & Nicholson (India) Ltd, earnings for quarter ended December.Jan 23 KEC Infrastructures Ltd, earnings for quarter ended December.Jan 23 Lakshmi Energy and Foods Ltd, earnings for quarter ended December.Jan 23 Mid-Day Multimedia Ltd, earnings for quarter ended December.Jan 23 Mirc Electronics Ltd, earnings for quarter ended December.Jan 23 Monsanto India Ltd, earnings for quarter ended December.Jan 23 MRO TEK Ltd, earnings for quarter ended December, and to consider dividend.Jan 23 Nagarjuna Fertiliser & Chemicals Ltd, earnings for quarter ended December.Jan 23 Polaris Software Lab Ltd, earnings for quarter ended December.Jan 23 PVR Ltd, earnings for quarter ended December.Jan 23 Rane (Madras) Ltd, earnings for quarter ended December.Jan 23 Sayaji Hotels Ltd, to consider allotment of warrants on preferential Basis.Jan 23 Sonata Software Ltd, earnings for quarter ended December.Jan 23 SRF Ltd, earnings for quarter ended December.Jan 23 Sun TV Network Ltd, earnings for quarter ended December.Jan 23 Technocraft Industries (India) Ltd, earnings for quarter ended December.Jan 23 Union Bank of India Ltd, earnings for quarter ended December.Jan 23 Varun Shipping Co Ltd, earnings for quarter ended December, and to consider dividend..Jan 24 3i Infotech Ltd, earnings for quarter ended December.Jan 24 Action Construction Equipment Ltd, earnings for quarter ended December, and to consider dividend.Jan 24 Aegis Logistics Ltd, earnings for quarter ended December.Jan 24 Apollo Hospitals Enterprise Ltd, earnings for quarter and nine months ended December.Jan 24 Bartronics India Ltd, earnings for quarter ended December.Jan 24 Century Plyboards (India) Ltd, earnings for quarter ended December.Jan 24 Central Bank of India, earnings for quarter and nine months ended December.Jan 24 EID Parry India Ltd, earnings for quarter ended December.Jan 24 Electrosteel Castings Ltd, earnings for quarter ended December.Jan 24 Engineers India Ltd, earnings for quarter ended December.Jan 24 Ennore Foundries Ltd, earnings for quarter ended December.Jan 24 Gemini Communication Ltd, earnings for quarter ended December.Jan 24 GMR Infrastructure Ltd, earnings for quarter ended December.Jan 24 GTL Ltd, earnings for quarter ended December.Jan 24 Hind Rectifiers Ltd, earnings for quarter ended December.Jan 24 Hindustan Organic Chemicals Ltd, earnings for quarter ended December.Jan 24 Honeywell Automation India Ltd, earnings for year ended December.Jan 24 Housing Development & Infrastructure Ltd, earnings for quarter ended December.Jan 24 ICI India Ltd, earnings for quarter ended December.Jan 24 Jindal Hotels Ltd, earnings for quarter ended December.Jan 24 Jindal South West Holdings Ltd, earnings for quarter ended December.Jan 24 Jindal Poly Films Ltd, earnings for quarter ended December.Jan 24 JMT Auto Ltd, earnings for quarter ended December.Jan 24 Krypton Industries Ltd, earnings for quarter ended December.Jan 24 Lotte India Corp. Ltd, earnings for quarter ended December.Jan 24 Mahindra Forgings Ltd, earnings for quarter ended December.Jan 24 Marico Ltd, earnings for quarter ended December.Jan 24 Manugraph India Ltd, earnings for quarter and nine months ended December.Jan 24 Nitco Tiles Ltd, earnings for quarter ended December.Jan 24 Ontrack Systems Ltd, earnings for quarter ended December.Jan 24 Panacea Biotec Ltd, earnings for quarter and nine months ended December.Jan 24 Punjab National Bank, earnings for quarter and nine months ended December.Jan 24 Ratnabali Capital Markets Ltd, earnings for quarter ended December, and to consider dividend.Jan 24 Rane Engine Valves Ltd, earnings for quarter ended December.Jan 24 Sanghvi Movers Ltd, earnings for quarter ended December.Jan 24 SKM Egg Products Export (India) Ltd, earnings for quarter ended December.Jan 24 Shrenuj & Co Ltd, earnings for quarter ended December.Jan 24 South Asian Petrochem Ltd, earnings for quarter ended December.Jan 24 State Bank of India, earnings for quarter ended December.Jan 24 Sun Pharma Advanced Research Co. Ltd, earnings for quarter ended December.Jan 24 Take Solutions Ltd, earnings for quarter ended December.Jan 24 Tata Coffee Ltd, earnings for quarter ended December.Jan 24 Time Technoplast Ltd, earnings for quarter ended December.Jan 24 TIL Ltd, earnings for quarter ended December.Jan 24 Transport Corp of India Ltd, earnings for quarter ended December.Jan 24 Wyeth Ltd, earnings for quarter and nine months ended December..Jan 25 Abhishek Mills Ltd, earnings for quarter ended December.Jan 25 Andhra Sugars Ltd, earnings for quarter ended December.Jan 25 AI Champdany Industries Ltd, earnings for quarter ended December.Jan 25 Ashok Leyland Ltd, earnings for quarter ended December.Jan 25 Atul Ltd, earnings for quarter ended December.Jan 25 BEML Ltd, earnings for quarter ended December.Jan 25 Bharat Electronics Ltd, earnings for quarter ended December.Jan 25 Bharat Heavy Electricals Ltd, earnings for quarter ended December.Jan 25 Blue Chip India Ltd, earnings for quarter ended December.Jan 25 Century Textiles & Industries Ltd, earnings for quarter ended December.Jan 25 Cholamandalam DBS Finance Ltd, earnings for quarter ended December.Jan 25 Dishman Pharmaceuticals and Chemicals Ltd, earnings for quarter ended December.Jan 25 Dr Reddys Laboratories Ltd, earnings for quarter and nine months ended December.Jan 25 Garware Wall Ropes Ltd, earnings for quarter and nine months ended December.Jan 25 Gujarat Industries Power Co. Ltd, earnings for quarter and nine months ended December.Jan 25 ICRA Ltd, earnings for quarter and nine months ended December.Jan 25 IL&FS Investment Managers Ltd, earnings for quarter ended December.Jan 25 India Nippon Electricals Ltd, earnings for quarter ended December.Jan 25 ING Vysya Bank Ltd, earnings for quarter ended December.Jan 25 KEI Industries Ltd, earnings for quarter and nine months ended December.Jan 25 Marksans Pharma Ltd, earnings for quarter ended December.Jan 25 Meghmani Organics Ltd, earnings for quarter ended December.Jan 25 Magma Shrachi Finance Ltd, earnings for quarter ended December.Jan 25 Nava Bharat Ventures Ltd, earnings for quarter ended December.Jan 25 Novartis India Ltd, earnings for quarter ended December.Jan 25 Nova Petrochemicals Ltd, earnings for quarter ended December.Jan 25 SIL Investments Ltd, earnings for quarter ended December.Jan 25 Shivam Autotech Ltd, earnings for quarter ended December.Jan 25 Solvay Pharma India Ltd, to consider dividend.Jan 25 State Trading Corp of India Ltd, earnings for quarter ended December, and to consider dividend.Jan 25 Stelco Strips Ltd, earnings for quarter ended December.Jan 25 TVS Motor Co Ltd, earnings for quarter ended December.Jan 25 UCO Bank, earnings for quarter ended December.Jan 25 Zee News Ltd, earnings for quarter ended December..Jan 26 Century Enka Ltd, earnings for quarter ended December..Jan 27 Mangalam Cement Ltd, earnings for quarter ended December..Jan 28 Aarti Drugs Ltd, earnings for quarter ended December.Jan 28 Aarti Industries Ltd, earnings for quarter and nine months ended December, and to consider dividend.Jan 28 Allied Digital Services Ltd, earnings for quarter ended December.Jan 28 Andhra Pradesh Paper Mills Ltd, earnings for quarter ended December.Jan 28 Bhartiya International Ltd, earnings for quarter ended December.Jan 28 Carborundum Universal Ltd, earnings for quarter ended December.Jan 28 Dabur India Ltd, earnings for quarter and nine months ended December.Jan 28 FDC Ltd, earnings for quarter ended December.Jan 28 Ferro Alloys Corp. Ltd, earnings for quarter ended December, and to Consider dividend.Jan 28 Flawless Diamond India Ltd, earnings for quarter ended December, and to consider dividend.Jan 28 GHCL Ltd, earnings for quarter ended December.Jan 28 Godfrey Phillips India Ltd, earnings for quarter ended December.Jan 28 Gujarat Mineral Development Corp. Ltd, earnings for quarter ended December.Jan 28 GVK Power & Infrastructure Ltd, earnings for quarter and nine months ended December.Jan 28 Gwalior Chemical Industries Ltd, earnings for quarter ended December.Jan 28 Hindustan Motors Ltd, earnings for quarter ended December.Jan 28 Hindustan Petroleum Corp. Ltd, earnings for quarter ended December.Jan 28 Ingersoll Rand (India) Ltd, earnings for quarter and nine months ended December.Jan 28 JK Paper Ltd, earnings for quarter ended December.Jan 28 Larsen & Toubro Ltd, earnings for quarter ended December.Jan 28 Liberty Shoes Ltd, earnings for quarter ended December.Jan 28 Manali Petrochemical Ltd, earnings for quarter ended December.Jan 28 Mahindra Ugine Steel Co. Ltd, earnings for quarter ended December.Jan 28 Mahindra & Mahindra Financial Services Ltd, earnings quarter ended December.Jan 28 Max India Ltd, earnings for quarter ended December.Jan 28 Numeric Power Systems Ltd, earnings for quarter ended December.Jan 28 Patels Airtemp India Ltd, earnings for quarter ended December.Jan 28 Remsons Industries Ltd, earnings for quarter ended December.Jan 28 JM Financial Ltd, earnings for quarter ended December.Jan 28 KCP Sugar and Industries Corp. Ltd, earnings for quarter and nine months ended December.Jan 28 K.P.R. Mill Ltd, earnings for quarter ended December.Jan 28 LG Balakrishnan & Bros Ltd, earnings for quarter ended December.Jan 28 Shopper's Stop Ltd, earnings for quarter and nine months ended December.Jan 28 Shringar Cinemas Ltd, earnings for quarter ended December.Jan 28 Steel Authority of India Ltd, earnings for quarter ended December, and to consider interim dividend.Jan 28 Star Paper Mills Ltd, earnings for quarter ended December.Jan 28 Sundaram Brake Linings Ltd, earnings for quarter and nine months ended December.Jan 28 Sundaram Clayton Ltd, earnings for quarter ended December.Jan 28 Sunflag Iron And Steel Co. Ltd, earnings for quarter ended December.Jan 28 Tata Tea Ltd, earnings for quarter and nine months ended December.Jan 28 Techno Electric & Engineering Co. Ltd, earnings for quarter ended December and to consider and allot equity shares to the warrant holders on conversion of warrants.Jan 28 Upper Ganges Sugar & Industries Ltd, earnings for quarter ended December.Jan 28 Venus Remedies Ltd, earnings for quarter ended December..Jan 29 Adani Enterprises Ltd, earnings for quarter ended December.Jan 29 Ador Welding Ltd, earnings for quarter and nine months ended December.Jan 29 Asian Paints Ltd, earnings for quarter ended December.Jan 29 Bajaj Auto Finance Ltd, earnings for quarter ended December.Jan 29 Blue Star Infotech Ltd, earnings for quarter ended December.Jan 29 Eicher Motors Ltd, earnings for quarter ended December.Jan 29 Eimco Elecon (India) Ltd, earnings for quarter ended December.Jan 29 ETP Corp. Ltd, earnings for quarter ended December.Jan 29 Gangotri Textiles Ltd, earnings for quarter ended December.Jan 29 Godrej Industries Ltd, earnings for quarter ended December.Jan 29 Gujarat Narmada Valley Fertilizers Co Ltd, earnings for quarter ended December.Jan 29 Gujarat Sidhee Cements Ltd, earnings for quarter and nine months ended December.Jan 29 Hitachi Home and Life Solutions (India) Ltd, earnings for quarter ended December.Jan 29 HMT Ltd, earnings for quarter ended December.Jan 29 Indo Rama Synthetics (India) Ltd, earnings for quarter ended December.Jan 29 Indraprastha Medical Corp Ltd, earnings for quarter ended December.Jan 29 Ind-Swift Laboratories Ltd, earnings for quarter ended December.Jan 29 Indian Hume Pipe Co. Ltd, earnings for quarter ended December.Jan 29 JB Chemicals & Pharmaceuticals Ltd, earnings for quarter ended December.Jan 29 JK Tyre & Industries Ltd, earnings for quarter ended December, and to consider dividend.Jan 29 Karur Vysya Bank Ltd, earnings for quarter ended December.Jan 29 Keynote Corp. Serv. Ltd, earnings for quarter ended December.Jan 29 Lanco Infratech Ltd, earnings for quarter ended December.Jan 29 Lumax Automotive Systems Ltd, earnings for quarter ended December.Jan 29 Maral Overseas Ltd, earnings for quarter and nine months ended December postponed from Jan 25.Jan 29 Maruti Suzuki India Ltd, earnings for quarter ended December.Jan 29 National Aluminium Co. Ltd, earnings for quarter ended December, and to consider dividend.Jan 29 NRB Bearing Ltd, earnings for quarter ended December.Jan 29 Oudh Sugar Mills Ltd, earnings for quarter ended December.Jan 29 Paper Products Ltd, earnings for year ended December; to consider dividend.Jan 29 Ruby Mills Ltd, earnings for quarter ended December.Jan 29 Sakthi Sugars Ltd, earnings for quarter ended December.Jan 29 Subex Azure Ltd, earnings for quarter ended December.Jan 29 Suprajit Engineering Ltd, earnings for quarter ended December.Jan 29 Sterlite Industries India Ltd, earnings for quarter ended December.Jan 29 STI India Ltd, earnings for quarter and nine months ended December.Jan 29 Steel Tubes of India Ltd, earnings for quarter ended December.Jan 29 Subros Ltd, earnings for quarter and nine months ended December.Jan 29 Tata Power Company Ltd, earnings for quarter ended December.Jan 29 Thermax Ltd, earnings for quarter ended December.Jan 29 TTK Prestige Ltd, earnings for quarter ended December.Jan 29 Triveni Engineering & Industries Ltd, earnings for quarter ended December. Meeting had been postponed from Jan 14.Jan 29 VBC Industries Ltd, earnings for quarter ended December.Jan 29 Vinyl Chemicals (India) Ltd, earnings for quarter ended December.Jan 29 Western India Shipyard Ltd, earnings for quarter ended December, and to consider preferential allotment of shares.Jan 29 Zee Entertainment Enterprises Ltd, earnings for quarter and nine months ended December..Jan 30 Aditya Birla Nuvo Ltd, earnings for quarter ended December.Jan 30 ATN International Ltd, earnings for quarter ended December.Jan 30 Bajaj Auto Ltd, earnings for quarter and nine months ended December.Jan 30 Berger Paints (I) Ltd, earnings for quarter ended December.Jan 30 Bharti Airtel Ltd, earnings for quarter and nine months ended December.Jan 30 Blue Star Ltd, earnings for quarter ended December.Jan 30 Bombay Paints Ltd, earnings for quarter ended December.Jan 30 City Union Bank Ltd, earnings for quarter ended December.Jan 30 Container Corp. of India Ltd, earnings for quarter ended December.Jan 30 EIH Ltd, earnings for quarter ended December.Jan 30 Essel Propack Ltd, earnings for quarter and year ended December.Jan 30 Eveready Industries India Ltd, earnings for quarter and nine month ended December.Jan 30 Everest Industries Ltd, earnings for quarter ended December postponed from Jan 24.Jan 30 Gillette India Ltd, earnings for quarter ended December.Jan 30 Hanung Toys and Textiles Ltd, earnings for quarter ended December.Jan 30 Hindalco Industries Ltd, earnings for quarter and nine months ended December.Jan 30 Indo Tech Transformers Ltd, earnings for quarter ended December.Jan 30 Infomedia India Ltd, earnings for quarter ended December.Jan 30 Jayant Agro Organics Ltd, earnings for quarter ended December.Jan 30 Karuturi Networks Ltd, earnings for quarter ended December, and to consider stock split.Jan 30 Karnataka Bank Ltd, earnings for quarter ended December.Jan 30 Kesoram Industries Ltd, earnings for quarter ended December.Jan 30 Khaitan Electricals Ltd, earnings for quarter ended December.Jan 30 Kohinoor Foods Ltd, earnings for quarter ended December.Jan 30 Kothari Products Ltd, earnings for quarter ended December.Jan 30 Lakshmi Vilas Bank Ltd, earnings for quarter ended December.Jan 30 LCC Infotech Ltd, earnings for quarter ended December.Jan 30 Mahanagar Telephone Nigam Ltd, earnings for quarter ended December.Jan 30 Mahindra & Mahindra Ltd, earnings for quarter ended December.Jan 30 Merck Ltd, earnings for quarter and year ended December.Jan 30 National Fertilizers Ltd, earnings for quarter ended December.Jan 30 Nagreeka Capital & Infrastructure Ltd, earnings for quarter December.Jan 30 Oswal Chemicals & Fertilizers Ltd, earnings for quarter ended December.Jan 30 Page Industries Ltd, earnings for quarter ended December.Jan 30 Phillips Carbon Black Ltd, earnings for quarter ended December.Jan 30 Precision Wires India Ltd, earnings for quarter and nine months ended December.Jan 30 Pricol Ltd, earnings for quarter ended December.Jan 30 Procter & Gamble Hygiene & Health Care Ltd, earnings for quarter and six months ended December.Jan 30 Samtel Color Ltd, earnings for quarter ended December.Jan 30 Shipping Corp. Of India Ltd, earnings for quarter ended December.Jan 30 Sirpur Paper Mills Ltd, earnings for quarter ended December.Jan 30 Sobha Developers Ltd, earnings for quarter ended December.Jan 30 Talbros Automotive Componets Ltd, earnings for quarter ended December.Jan 30 Tata Chemicals Ltd, earnings for quarter ended December.Jan 30 Vintage Cards & Creations Ltd, earnings for quarter ended December.Jan 30 VLS Finance Ltd, earnings for quarter ended December.Jan 30 Walchandnagar Industries Ltd, earnings for quarter ended December.Jan 30 Zodiac Clothing Co Ltd, earnings for quarter and nine months ended December..Jan 31 ACC Ltd, earnings for quarter ended December.Jan 31 Antarctica Ltd, earnings for quarter ended December.Jan 31 Alok Industries Ltd, earnings for quarter ended December.Jan 31 Bharat Petroleum Corp. Ltd, earnings for quarter ended December.Jan 31 Bharat Rasayan Ltd, earnings for quarter ended December.Jan 31 Bharat Gears Ltd, earnings for quarter ended December.Jan 31 Cadila Healthcare Ltd, earnings for quarter ended December.Jan 31 Colgate Palmolive (India) Ltd, earnings for quarter ended December.Jan 31 Deepak Fertilizers and Petrochemicals Corp. Ltd, earnings for quarter ended December.Jan 31 Dolphin Offshore Enterprises (India) Ltd, earnings for quarter ended December.Jan 31 Duncans Industries Ltd, earnings for quarter ended December.Jan 31 Finolex Cables Ltd, earnings for quarter ended December.Jan 31 Ganesh Housing Corp. Ltd, earnings for quarter ended December.Jan 31 Indraprastha Gas Ltd, earnings for quarter ended December.Jan 31 IVR Prime Urban Developers Ltd, earnings for quarter ended December.Jan 31 IVRCL Infrastructures & Projects Ltd, earnings for quarter ended December.Jan 31 Koutons Retail India Ltd, earnings for quarter ended December.Jan 31 Lakshmi Machine Works Ltd, earnings for quarter ended December.Jan 31 Mcnally Bharat Engineering Co. Ltd, earnings for quarter ended December.Jan 31 Motor & General Finance Ltd, earnings for quarter ended December.Jan 31 MRF Ltd, earnings for quarter ended December.Jan 31 Malwa Cotton Spg Mills Ltd, earnings for quarter ended December.Jan 31 Nagarjuna Agrichem Ltd, earnings for quarter ended December, and to consider dividend.Jan 31 Nagarjuna Construction Co Ltd, earnings for quarter ended December.Jan 31 Nitin Spinners Ltd, earnings for quarter ended December.Jan 31 Parsvnath Developers Ltd, earnings for quarter ended December.Jan 31 Polyplex Corp. Ltd, earnings for quarter and nine months ended December.Jan 31 Rajshree Sugars & Chemicals Ltd, earnings for quarter ended December.Jan 31 Rainbow Foundations Ltd, earnings for quarter ended December.Jan 31 Raj Television Network Ltd, earnings for quarter ended December.Jan 31 Ramco Systems Ltd, earnings for quarter ended December.Jan 31 Ramco Industries Ltd, earnings for quarter and nine months ended December, and to consider dividend.Jan 31 Royal Orchid Hotels Ltd, earnings for quarter ended December.Jan 31 RPG Life Sciences Ltd, earnings for quarter ended December.Jan 31 SPL Industries Ltd, earnings for quarter ended December.Jan 31 Super Spinning Mills Ltd, earnings for quarter ended December.Jan 31 Tube Investments of India Ltd, earnings for quarter ended December.Jan 31 Vaibhav Gems Ltd, earnings for quarter ended December..Mar 6 Motor Industries Company Ltd, earnings for quarter ended December..By Feb 28 Clariant Chemicals India Ltd, earnings for year ended December..By Feb 29 Abbott India Ltd, earnings for year ended November.By Feb 29 Pfizer Ltd, earnings for year ended November..By Mar 31 Aventis Pharma Ltd, earnings for year ended December.By Mar 31 Bata India Ltd, earnings for year ended December.By Mar 31 Castrol India Ltd, earnings for year ended December.By Mar 31 DIC India, earnings for year ended December.By Mar 31 Esab India Ltd, earnings for year ended December.By Mar 31 GlaxoSmithKline Pharmaceuticals Ltd, earnings for year ended December.By Mar 31 Goodricke Group Ltd, earnings for year ended December.By Mar 31 Grindwell Norton Ltd, earnings for year ended December.By Mar 31 Federal-Mogul Goetze (India) Ltd, earnings for year ended December.By Mar 31 Hexaware Technologies Ltd, earnings for year ended December.By Mar 31 KSB Pumps Ltd, earnings for year ended December.By Mar 31 Micro Inks Ltd, earnings for year ended December.By Mar 31 Plethico Pharmaceuticals Ltd, earnings for quarter and year ended December.By Mar 31 Rain Commodities Ltd, earnings for quarter and year ended December.By Mar 31 SKF India Ltd, earnings for year ended December.By Mar 31 Spice Mobiles Ltd, earnings for quarter ended December.By Mar 31 Sulzer India Ltd, earnings for year ended December.By Mar 31 Thomas Cook India Ltd, earnings for year ended http://indiaearnings.moneycontrol.com.
Ambani Brothers
The two Ambani brothers can buy 100 percent of every company listed on the Karachi Stock Exchange (KSE) and would still be left with $30 billion to spare. The four richest Indians can buy up all goods and services produced over a year by 169 million Pakistanis and still be left with $60 billion to spare. The four richest Indians are now richer than the forty richest Chinese.
Short Term Delivery stock
11.15AM**Delivery Stock : Buy HINDPETRO Strictly above 355 SL 320 Target 380 & 405 in coming days.
Main Asian share indices at 11AM India time
Wednesday, Jan 16. MUMBAI - Following are the levels of key Asian shares indices at 11AMIndia time today:
.IndexJapan's Nikkei 225 13,722.79, down 249.84 points or 1.79%Hong Kong's Hang Seng 24,815.61, down 1,022.17points or 3.96%Singapore's Straits Times 3,087.52, down 67.06 points or 2.13%South Korea's Kospi 1,709.41, down 37.54 points or 2.15%Australia's S&P/Asx 200 5,809.70, down 150.30 points or 2.52%New Zealand's NZX 50 3,752.39, down 58.11 points or 1.52%Thailand's SET 764.30, down 15.49 points or 1.99%Malaysia's Kuala Lumpur Composite 1,461.13, down 44.58 points or 2.96%Indonesia's Jakarta Composite 2,580.32, down 149.71 points or 5.48%China's Shse-Szse300 5,512.95, down 183.50 points or 3.22%Taiwan's Taiex 8,192.40, down 236.44 points or 2.81%Philippine's PSEi 3,351.66, down 95.63 points or 2.77%Sri Lanka's Colombo ASPI 2,413.03, down 19.68 points or 0.81%Pakistan's Karachi 100 13,967.04, down 88.23 points or 0.63%Nepal's NEPSE 958.91, down 17.16 points or 1.76%Bangladesh's DSI 2,502.61, up 23.68 points or 0.96%..India's BSE Sensex 19,917.48, down 333.61 points or 1.65%India's NSE Nifty 5,958.00, down 116.25 points or 1.91%.
Wednesday, Jan 16. MUMBAI - Following are the levels of key Asian shares indices at 11AMIndia time today:
.IndexJapan's Nikkei 225 13,722.79, down 249.84 points or 1.79%Hong Kong's Hang Seng 24,815.61, down 1,022.17points or 3.96%Singapore's Straits Times 3,087.52, down 67.06 points or 2.13%South Korea's Kospi 1,709.41, down 37.54 points or 2.15%Australia's S&P/Asx 200 5,809.70, down 150.30 points or 2.52%New Zealand's NZX 50 3,752.39, down 58.11 points or 1.52%Thailand's SET 764.30, down 15.49 points or 1.99%Malaysia's Kuala Lumpur Composite 1,461.13, down 44.58 points or 2.96%Indonesia's Jakarta Composite 2,580.32, down 149.71 points or 5.48%China's Shse-Szse300 5,512.95, down 183.50 points or 3.22%Taiwan's Taiex 8,192.40, down 236.44 points or 2.81%Philippine's PSEi 3,351.66, down 95.63 points or 2.77%Sri Lanka's Colombo ASPI 2,413.03, down 19.68 points or 0.81%Pakistan's Karachi 100 13,967.04, down 88.23 points or 0.63%Nepal's NEPSE 958.91, down 17.16 points or 1.76%Bangladesh's DSI 2,502.61, up 23.68 points or 0.96%..India's BSE Sensex 19,917.48, down 333.61 points or 1.65%India's NSE Nifty 5,958.00, down 116.25 points or 1.91%.
Medium Term Delivery Stock
11.00AM:Delivery Stock:Medium Term:Buy Educomp @ cmp 5165 SL 4800 Target5800 & 6000 in coming months.
Rakesh Jhunjhunwala
Shensai bank of japan has appointed rakesh jhunjhunwala as fund manager they will start investing from 20 jan
PRE MARKET REPORT - 16.01.2008
Subject: Pre - Market Report - 16.01.2008
All headers
Markets at crossroads Indian markets reacted a day early to the citigroup news(job cuts/negative quarter and a huge write down) which hit the US markets today along with the dripping consumer confidence as per the latest data. We mentioned the other day that Dow Jones has broken critical resistance and 600-800 point dip is on cards. We see the next support levels at 12,150 below which there might be panic across the globe. We do not see that level broken easily. US Federal bank is in tight spot now with chances of US recession(as per many analysts and media hyping the recession) to cut the interest rates by atleast 50 basis points. Our take on recession is pegged at 60-40 in favour of "No Recession". Mad money pushed Reliance Power IPo craze to new levels with a 11 times over subscription and still going strong. ICICI Bank , reports a pink paper is trying to rope in a strategic investor for IVEN Medicare, fully owned subsidary of ICICI ventures.Indian Markets are at cross roads right now technically. A close below 20,200 for sensex will target 19,475 levels and then 18,600. We are not too bearish about the indian markets at this point. Vakrangee software reported excellent numbers and the stock reacted nicely. No matter we have a momentum call there. Have a great trading day. We wish A Happy and a Prosperous Pongal/Sankranthi/ 2008 Close Box BSE Sensex : 20251.09 -476NSE Nifty : 6074.25 -132.55USD : Rs.39.27Oil : $91.90
All headers
Markets at crossroads Indian markets reacted a day early to the citigroup news(job cuts/negative quarter and a huge write down) which hit the US markets today along with the dripping consumer confidence as per the latest data. We mentioned the other day that Dow Jones has broken critical resistance and 600-800 point dip is on cards. We see the next support levels at 12,150 below which there might be panic across the globe. We do not see that level broken easily. US Federal bank is in tight spot now with chances of US recession(as per many analysts and media hyping the recession) to cut the interest rates by atleast 50 basis points. Our take on recession is pegged at 60-40 in favour of "No Recession". Mad money pushed Reliance Power IPo craze to new levels with a 11 times over subscription and still going strong. ICICI Bank , reports a pink paper is trying to rope in a strategic investor for IVEN Medicare, fully owned subsidary of ICICI ventures.Indian Markets are at cross roads right now technically. A close below 20,200 for sensex will target 19,475 levels and then 18,600. We are not too bearish about the indian markets at this point. Vakrangee software reported excellent numbers and the stock reacted nicely. No matter we have a momentum call there. Have a great trading day. We wish A Happy and a Prosperous Pongal/Sankranthi/ 2008 Close Box BSE Sensex : 20251.09 -476NSE Nifty : 6074.25 -132.55USD : Rs.39.27Oil : $91.90
RPL completes 82% of project implementation
Reliance Petroleum (RPL) announced today the successful completion of the 2nd year of implementation of its complex refinery, coming up in a special economic zone at Jamnagar. The company achieved 82% overall progress in just 24 months since commencement of the project. Based on the progress so far, the company is on course to complete the project ahead of its initial schedule of December 2008.During the quarter, project implementation gained further momentum and led to achievement of several significant milestones, including the following:- Engineering activities are nearing completion. - Overall procurement progress exceeded 97%.- More than 75% of equipments and tagged items already received at site.- Deliveries of over dimensional cargos (ODC) and super ODCs are nearing completion.- Over 40% of equipments have been erected; Project skyline changed dramatically.- Overall construction progress crossed the 60% mark for the complex.- Structural and pipe fabrication activities progressing at an accelerated pace.- Sufficient site infrastructure mobilised to sustain equipment installation and fabrication activities on the fast track.During the quarter, the project engineering activities were completed with all drawings for concreting, structural steel, underground piping as well as electrical and instrumentation released for construction. Residual engineering activities to support ongoing construction are continuing. Successful completion of this massive engineering effort in less than two years has set a new global record in the refining sector: It also reflects the success of a team effort that involved over 7,500 engineers, working from several interconnected locations across the world.The quarter witnessed near completion of procurement activities for the project as well. The procurement and contracting for equipments, tagged items and bulk materials is now complete. Equipment deliveries have gained enhanced momentum with over 3,800 equipments, including several ODCs and super heavy equipments, delivered at site already.Nearly all the bulk materials, including pipes and fittings as well as substantial part of electrical and instrumentation bulks have also been received at site. Thrust on vendor follow- up for the balance equipments is continuing. Simultaneously, focus is shifting towards procurement close-out during the coming quarter.The progress on the construction front has been equally impressive. The civil construction activity is nearly complete. Over 2,400 equipments, including several super heavy equipments, have already been installed at site. The underground piping works are mostly complete. Nearly 80% of structural steel fabrication, 95% of tankage fabrication and over 73% of pipe fabrication is completed. The construction activities are at peak and sufficient site infrastructure is mobilised to sustain construction on fast track in the coming quarters. Simultaneously, start-up planning and operations preparedness activities have gained momentum to support the commissioning of the refinery ahead of schedule.At the industry level, global refining fundamentals remain intact and promise exciting value creation opportunities for large and complex refiners. Despite high and volatile crude prices, the global demand trends have been positive and are expected to remain firm on the back of robust outlook for transportation fuels. With stringent product specifications adding pressure on an already stretched refining system and continuing delays in new capacities, refining margins are expected to stay robust. Complex refiners will gain further from wide light-heavy differentials. In this context, the RPL (Q, N,C,F)* project that is designed around large scale, higher complexity, lower capital costs and faster schedule, would have a significant competitive advantage in the markets.Commenting on the project progress, Mukesh Ambani, chairman of the company said, ``I am pleased with the rapid pace of RPL project implementation and the team is now fully geared to sustain the construction on fast track even in the coming quarters. We are well on the way to create history by successfully completing the refinery ahead of its initial schedule. RPL is poised to benefit from emerging opportunities in the sector and create superior value for its shareholders.``Shares of the company declined Rs 5.55, or 2.46%, to settle at Rs 219.7. The total volume of shares traded was 8,587,288 at the BSE.(Tuesday)
Global traders taken for a roller coaster ride
US Markets exactly did what BSE Sensex was trying to do yesterday, but with a positive close. A Goldman Sach report confirms a US recession in the FY 2008. What is a recession? A country is said to be in recession if the last two quarters of a year witnesses negative real economic growth or a decline in GDP(gross domestic product).But US defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months" . Signs of recession : Increase in UnemployementDecrease in new investmentsDipping corporate profitsEither steep fall in prices or sharp rise of pricesWhere does US Stand in terms of RecessionAs one famous economist said "Recession can only be identified after 6 months to 1 year into the recession". The recent big jump in unemployment data in the US raised a concern among the die hard supporters of a flamboyant economy.Increase in Unemployement in december quarter is an indicator towards recession.We do not see a decrease in new investments despite of corporate profit slow down.There are no signs of any deflation or inflation at this point of time.While housing is the weak link Tech companies look promising as ever.Taking a leaf from the US markets Indian markets are likely to move up further and 21k is definitely possible. Tech stocks are looking solid and the Q3 numbers from IT companies IGATE and Mastek came out strong. We expect the IT pack to outperform the market with the second rung taking the lead. Midcaps will continue to reel underpressure for some more time thanks to the earlier Euphoria many stocks are trading way above the fundamentals. Large caps will tested for performance though intial results from companies like Axis bank looks good. We believe Large cap valuations are at par and major moves are only in case of positive surprises but liquidity is likely to drive markets crazy soon. Watch for another round of feast from midcaps in the next 10 days.
US Markets exactly did what BSE Sensex was trying to do yesterday, but with a positive close. A Goldman Sach report confirms a US recession in the FY 2008. What is a recession? A country is said to be in recession if the last two quarters of a year witnesses negative real economic growth or a decline in GDP(gross domestic product).But US defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months" . Signs of recession : Increase in UnemployementDecrease in new investmentsDipping corporate profitsEither steep fall in prices or sharp rise of pricesWhere does US Stand in terms of RecessionAs one famous economist said "Recession can only be identified after 6 months to 1 year into the recession". The recent big jump in unemployment data in the US raised a concern among the die hard supporters of a flamboyant economy.Increase in Unemployement in december quarter is an indicator towards recession.We do not see a decrease in new investments despite of corporate profit slow down.There are no signs of any deflation or inflation at this point of time.While housing is the weak link Tech companies look promising as ever.Taking a leaf from the US markets Indian markets are likely to move up further and 21k is definitely possible. Tech stocks are looking solid and the Q3 numbers from IT companies IGATE and Mastek came out strong. We expect the IT pack to outperform the market with the second rung taking the lead. Midcaps will continue to reel underpressure for some more time thanks to the earlier Euphoria many stocks are trading way above the fundamentals. Large caps will tested for performance though intial results from companies like Axis bank looks good. We believe Large cap valuations are at par and major moves are only in case of positive surprises but liquidity is likely to drive markets crazy soon. Watch for another round of feast from midcaps in the next 10 days.
RCOM Quater Result
Reliance CommunicationsJan 09, 2008 at 04.56 PM
News & Company Overview
Reliance Comm Dec qtr PAT seen at Rs 1392 cr
Motilal Oswal research has come out with its earning estimates on the telecom sector for the quarter ended December '07. According to the report, Reliance Communication December quarter revenues are expected to go up 33% at 4995.1 crore (Rs 49,951 million) on YoY basis.
During the same quarter, its net profit is seen up 50.2% at Rs 1392.5 crore (Rs 13925 million), YoY.
News & Company Overview
Reliance Comm Dec qtr PAT seen at Rs 1392 cr
Motilal Oswal research has come out with its earning estimates on the telecom sector for the quarter ended December '07. According to the report, Reliance Communication December quarter revenues are expected to go up 33% at 4995.1 crore (Rs 49,951 million) on YoY basis.
During the same quarter, its net profit is seen up 50.2% at Rs 1392.5 crore (Rs 13925 million), YoY.
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